Yuki Kusumi becoming the next chief executive officer effective (CEO) of major Japanese multinational electronics company Panasonic. Yuki Kusumi currently the head of automobile business. Kusami becoming next CEO from 1st April said Panasonic.
It is expect that Kusumi accelerate the company goal and taking business in to another height. Yuki Kusumi replace Kazuhiro Tsuga the present chief executive officer effective (CEO) of Panasonic. Kusumi took the initiative in setting up an auto battery company jointly with Toyota Motor.
Panasonic said separately that it would change to a holding company structure in April 2022, to clarify responsibilities of each business division and speed up decision-making processes.
Kusumi becoming company president from 24 July and Tsuga will be the company chairman who led on structural reform, including retreating from the plasma television business.
Both Yuki Kusumi and Tsuga are from same engraining field. In the several period of time Kusumu gained trusted and now he became the best option for next CEO Panasonic said in the Friday.
Price pressure on the battery business for Tesla could also intensify as the U.S. Company has outlined a plan to halve the cost of its EV batteries and bring more production of the key auto component in-house.
Panasonic announce their future plain and think to Reform Company structure in April 2022 and speed up decision-making processes.